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20130318
20130326
Search Results 0 to 6 of about 7 (some duplicates have been removed)
with all this speculation, you know, that this is a tax haven and that this is money that people have questions about, that the way europe is approaching sigh pruls is not the way you'd awe approach these other countries and if you approach the other countries this way you create a real problem and they know that. >> that brings what happens to the parliament and what impact does that have. >> the cyprian parliament decide the to vote down the bill to confiscate the money from depositors. we don't have a bill or any certainty what's going to happen. most likely recommit to the cyprian parliament and then see what's going to happen to the banks. remember the banks have been closed until thursday morning. today walt the governor of the central bank of cyprus presumely he will know saying it could be a run of ten percent of deposits on the cyprian banks. and that's cause for concern. i think the banks in cyprus make two fundamental mistakes. banking 101 is supposed to boil out. don't lose money you don't have and they did and don't ever mess with deposits because that really does effect
not on a sustainable fiscal path because of the tax cuts because of the unpaid four wars because of demographics. so we need to do two things at once. we need to support the economy in the short run, investorring in infrastructure putting construction workers back to work, making america important competitive in the future and also address the problems causing a long-run deficit which are healthcare rapidly growing healthcare costs. we can improve our tax code by closing all the tax loopholes that we have. that's what the president has been focused on since frankly since i started working for him back in 09. >> rose: do you believe, are you hopeful that somehow the capitol, the dinners the lunches that are taking place that there's somehow a change in the dynamic of the conversation? >> i think the president is willing to try whatever will work. i think that it's a pretty high hurdle he's facing. i say that because the president worked awfully hard because of the congressional leadership to reach a grand bargain. we set as a goal as a number of others have to rules the deficit by 4 trillion dollars ov
and locates almost inevitability have to cut back when time is tough. they lose tax revenues. they are mandated legally to run a balanced budget so at the time same time consumers and red soxes pull back the government is. in washington, starting in 2011, with the negotiations between the house republicans and the white houses, the house republicans have insisted on big cuts and have woniguts and that's why we have austerity and will have more this year. >> rose: if the fed wanted to reduce unemployment from seven to whatever it is-- seven. could they do that? do they have the tools to do that? >> no. i don't think so. they're down to incremental policies. i think they know that. ben bernanke and janet yellen, and otheres, are constantly arguing-- correct, i think-- but they tend to put the best face on it as they can, we still have effective policy instruments, we can stillgivehecony a boost. but you're talking in the desmalplace of the growth rate. there is nothing left in the fed's arsenal, i don't think that could as a half a point to the growth rate. that's not that much
Search Results 0 to 6 of about 7 (some duplicates have been removed)